Private Credit Intelligence
The capital structure graph behind private markets. Who lent, to whom, under which sponsor, through which facility, how large the piece was, when it matures and what changed, with a filing behind every number. A BDC piece is that BDC's piece, a sum of pieces is a lower bound, and a sponsor is named with the evidence that names it.
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G•••••• S•••• P•••••• C••••• C••••
| Quarter | Fair value | Borrowers | On cost | PIK pos. | Avg spread |
|---|---|---|---|---|---|
| Jun 30, 2026 | $18B | 367 | 99c | 51 | 447 bp |
| Mar 31, 2026 | $17B | 354 | 99c | 51 | 448 bp |
| Dec 31, 2025 | $31B | 354 | 100c | 112 | 451 bp |
| Sep 30, 2025 | $12B | 319 | 100c | 27 | 451 bp |
| Jun 30, 2025 | $9.6B | 290 | 100c | 29 | 463 bp |
| Mar 31, 2025 | $51B | 272 | 100c | 29 | 462 bp |
| Dec 31, 2024 | $46B | 263 | 100c | 20 | 468 bp |
| Sep 30, 2024 | $32B | 252 | 100c | 22 | 475 bp |
| Jun 30, 2024 | $24B | 215 | 100c | 10 | 485 bp |
| Mar 31, 2024 | $17B | 202 | 101c | 10 | 486 bp |
| Dec 31, 2023 | $17B | 169 | 100c | 8 | 501 bp |
| Sep 30, 2023 | $5.0B | 165 | 100c | 8 | 471 bp |
| Jun 30, 2023 | n/a | 114 | n/a | 2 | 450 bp |
Each quarter end is the schedule as filed for that instant; a restated year end is taken from the latest filing that carries it.
Counted at BDC level here; the adviser page counts across every BDC it manages. A sponsor named by Form D signer consensus is an inference.
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New borrower on a BDC scheduleJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- New lender joined a facilityJun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Marked down (one lender)Jun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- Spread increasedJun 30, 2026
- PIK interest appearsJun 30, 2026
- C••••••••• A•••••••• H•••••••• I•• first lien term loan18 BDCs hold it · matures Jun 27, 2033 · W•• M••••••••• C•••••••••$763M 100c
- N•••• S••• A••••••••• L•• first lien term loan10 BDCs hold it · matures May 29, 2030$653M 99c
- R••••• B•••• A• first lien term loan1 BDC hold it · matures Aug 21, 2030$439M 97c
- C••••••••• A••••••••• L•• first lien term loan2 BDCs hold it · matures May 7, 2032 · H•••••• • F••••••• L••$426M 99c
- P•••••••• C••••••••• M••••• I•• first lien term loan24 BDCs hold it · matures Oct 15, 2032$403M 100c
- F•••••••• R••• S••••• O••••••••• L•• first lien term loan7 BDCs hold it · matures Mar 4, 2032$359M 97c
- P•••• U• H•••••• I•• first lien term loan8 BDCs hold it · matures Dec 2, 2031 · C••••••••• P•••••••• L•••$324M 98c
- D•• C••••••••• H••••••• P•• L•• ••• A•••••• first lien term loan1 BDC hold it · matures Oct 29, 2032$318M 105c
- P•••• A••••••••• B••••• I•• first lien term loan10 BDCs hold it · matures Dec 31, 2032 · A•••• C•••••• P•••••••• L•$313M 99c
- O•• first lien term loan11 BDCs hold it · matures Dec 6, 2032$312M 99c
- N••••••• T••••••••• I•• first lien term loan6 BDCs hold it · matures Aug 25, 2031$296M 99c
- P••• C••• first lien term loan14 BDCs hold it · matures Dec 20, 2032$285M 99c
| Borrower | Instrument | Principal | Fair value | Rate | Maturity |
|---|---|---|---|---|---|
| B••••• U• B•••• L•• (dba Baxter) Pharmaceuticals | term loan first lien | $3.0M | $3.0M 99c | SOFR+525 bp | Sep 30, 2030 |
| L•••••• H••••••••• H•••••• C••••••• L•• (fka ASM B••••, Inc.) Commercial Services & Supplies | term loan first lien | $11.5M | $3.0M 99c | SOFR+500 bp | Aug 22, 2030 |
| B••••• U• B•••• L•• (dba Baxter) Pharmaceuticals | term loan first lien | $3.0M | $3.0M 99c | SOFR+525 bp | Sep 30, 2030 |
| S•••••• F•••••• G•••• N• H•••••••• L•• Hotels, R••••••••• & Leisure | term loan first lien | $4.4M | $3.0M 99c | SOFR+500 bp | Apr 14, 2031 |
| F•••• M•••• I• L•••••• Media | term loan first lien | $3.0M | $3.0M 100c | SOFR+275 bp | Feb 21, 2031 |
| S••••••• C•••••• H•••••, LLC (dba C•••••• Education) | term loan first lien | $14.9M | $3.0M 98c | SOFR+500 bp | May 1, 2031 |
| A•••• B•••• H•••••••• I••. (dba Raptor T•••••••••) S••••••• | term loan first lien | $8.3M | $2.9M 98c | SOFR+450 bp | Jan 22, 2033 |
| P•••••• I••••••••• L•• Building Products | term loan first lien | $2.9M | $2.9M 100c | SOFR+250 bp | Dec 23, 2032 |
| W••••• I••. Health Care Technology | term loan first lien | $3.3M | $2.9M 92c | SOFR+625 bp PIK 3.13% | Jan 18, 2030 |
| T•• H•••••••• I••. Consumer Staples D••••••••• & Retail | term loan first lien | $2.9M | $2.9M 100c | SOFR+450 bp | Aug 19, 2030 |
| U• S••••• C••••••• L•• IT Services | term loan first lien | $5.8M | $2.8M 99c | SOFR+550 bp | Sep 4, 2029 |
| C••••••••• L•• (fka Checkmate Finance Merger Sub, LLC) Entertainment | term loan first lien | $2.8M | $2.8M 100c | SOFR+600 bp | Dec 31, 2027 |
| A•• U• G•• B•••• I••. Machinery | term loan first lien | $2.7M | $2.7M 100c | SOFR+450 bp | Oct 31, 2031 |
| G••••••••• S••••••• H•••••••• L•• (fka GPS Phoenix B••••, Inc.) IT Services | term loan first lien | $13.9M | $2.7M 103c | SOFR+500 bp | Oct 2, 2029 |
| T•••• A•••••• C•••. Building Products | term loan first lien | $2.7M | $2.7M 100c | SOFR+250 bp | Feb 18, 2032 |
| A•••••• B••••• I••. (dba Fidelity Payment Services) F••••••al Services | term loan first lien | $6.0M | $2.6M 100c | SOFR+500 bp | Dec 6, 2029 |
| F••••• M•••••• Entertainment | term loan first lien | $2.8M | $2.6M 95c | SOFR+400 bp | Dec 1, 2028 |
| Q•• I••. Building Products | term loan first lien | $2.5M | $2.5M 100c | SOFR+200 bp | Jul 1, 2033 |
| F••••••••• N• (dba Nemera) Health Care Equipment & Supplies | term loan first lien | $5.4M | $2.5M 98c | EURIBOR+475 bp | May 7, 2032 |
| F••••••••• T••••••••• H••••••• I••. A•••space & Defense | term loan first lien | $2.6M | $2.5M 99c | SOFR+500 bp | Jan 9, 2030 |
| A•• R•••• P••••• L•• Energy Equipment & Services | term loan first lien | $2.5M | $2.5M 100c | SOFR+225 bp | Jun 9, 2033 |
| E••• T••••••••• I••. Technology Hardware & Equipment | term loan first lien | $2.5M | $2.5M 100c | SOFR+175 bp | Jun 11, 2033 |
| G••••••••• S••••••• H•••••••• L•• (fka GPS Phoenix B••••, Inc.) IT Services | term loan first lien | $10.1M | $2.5M 102c | SOFR+500 bp | Oct 2, 2029 |
| K••••• I••. IT Services | term loan first lien | $3.2M | $2.4M 78c | SOFR+325 bp | Mar 22, 2032 |
| C•••••••• I••. Pharmaceuticals | term loan first lien | $2.5M | $2.4M 97c | SOFR+500 bp | Oct 13, 2029 |
| W• B•••••••• L•• Textiles, Apparel & Luxury Goods | term loan first lien | $2.4M | $2.4M 101c | SOFR+475 bp | Feb 20, 2032 |
| C••••••• M•••• L•••••• (dba Cyncly) S••••••• | term loan first lien | $19.8M | $2.3M 95c | SOFR+475 bp | Apr 16, 2032 |
| S•••••••• M••••••••• L•• Diversified Consumer Services | term loan first lien | $2.4M | $2.3M 99c | SOFR+600 bp | Jul 6, 2027 |
| O•••• C••••• L•• Oil, Gas & Consumable Fuels | term loan first lien | $2.3M | $2.3M 100c | SOFR+350 bp | May 10, 2030 |
| B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies | term loan first lien | $3.5M | $2.3M 101c | SOFR+650 bp | Aug 1, 2029 |
| S••••••• S••••• S•••••••• P••••••••• L•• (dba Carrier Industrial Fire) Machinery | term loan first lien | $12.1M | $2.3M 99c | SOFR+450 bp | Jul 1, 2031 |
| INK (BC) B•••• S.R.L. (dba Namirial) S••••••• | term loan second lien | $2.0M | $2.3M 98c | 10.41% PIK 8.25% | Jun 24, 2033 |
| A•••••• B••••• I••. (dba Fidelity Payment Services) F••••••al Services | term loan first lien | $2.3M | $2.3M 101c | SOFR+500 bp | Dec 6, 2029 |
| B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies | term loan first lien | $2.2M | $2.2M 101c | SOFR+650 bp | Aug 1, 2029 |
| P•• A••• B••••• I••. (dba Pursuit A•••space) | term loan first lien | $5.8M | $2.1M 100c | SOFR+500 bp | Sep 30, 2031 |
| A••••••• L•• Chemicals | term loan first lien | $2.2M | $2.1M 96c | SOFR+375 bp | Apr 6, 2029 |
| B•••• H•••••• C••••••• L•• Health Care Providers & Services | term loan first lien | $2.1M | $2.0M 100c | SOFR+325 bp | Jun 16, 2033 |
| Debt Investments Cayman Islands Structured Finance Obligatio Structured finance (CLO) | notes lien unstated | $2.0M | $2.0M 100c | SOFR+365 bp | Jan 20, 2039 |
| O•••••• W•••• U• H•••••• C••••••••• Chemicals | term loan first lien | $2.0M | $2.0M 100c | SOFR+325 bp | Nov 3, 2032 |
| INK (BC) B•••• S.R.L. (dba Namirial) S••••••• | term loan first lien | $4.5M | $2.0M 94c | EURIBOR+500 bp | Apr 11, 2032 |
| N•• • J• L••. (dba the Facilities Group) Professional Services | term loan first lien | $2.0M | $1.9M 100c | SOFR+575 bp | Nov 30, 2028 |
| N•••• S••• A••••••••• L•• (dba Everway) S••••••• | term loan first lien | $1.9M | $1.9M 99c | SOFR+475 bp | May 3, 2029 |
| N•• • J• L••. (dba the Facilities Group) Professional Services | term loan first lien | $1.9M | $1.9M 100c | SOFR+575 bp | Nov 30, 2028 |
| O•••• M•••••• B••••• L•• (dba O•••• F•••••• Holdings) Hotels, R••••••••• & Leisure | term loan first lien | $7.9M | $1.9M 98c | SOFR+475 bp | Dec 31, 2031 |
| D•••• G••••• I••. Automobile C••••••••• | term loan first lien | $1.9M | $1.9M 98c | SOFR+450 bp | Oct 6, 2031 |
| C••••••••• H•••••••• L•• (dba SkyZone) Leisure Products | term loan first lien | $2.0M | $1.9M 96c | SOFR+675 bp | Jul 18, 2028 |
| B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies | term loan first lien | $4.7M | $1.8M 95c | SOFR+575 bp | Aug 1, 2029 |
| Equity and Other United States Preferred Stock CloudBees, In | preferred equity equity | n/a | $1.8M 90c | ||
| A•••••• I••. S••••••• | term loan first lien | $8.4M | $1.8M 97c | SOFR+475 bp | Jan 30, 2031 |
| O•••••• L•••••• Commercial Services & Supplies | term loan first lien | $1.4M | $1.8M 98c | SOFR+625 bp PIK 2.75% | Dec 5, 2031 |
| CI (Quercus) I••••••••• Holdings, LLC (dba SavATree) Diversified Consumer Services | term loan first lien | $1.8M | $1.8M 100c | SOFR+500 bp | Jun 6, 2031 |
| TEI I••••••••• LLC (dba Triumvirate Environmental) Commercial Services & Supplies | term loan first lien | $14.7M | $1.7M 103c | SOFR+475 bp | Dec 15, 2031 |
| V•••••• P••••••••• L•• (dba Service Express) S••••••• | term loan first lien | $18.8M | $1.7M 97c | SOFR+450 bp | Dec 23, 2032 |
| V••• H•••••••• L•• Commercial Services & Supplies | term loan first lien | $2.0M | $1.6M 83c | SOFR+500 bp | Jan 22, 2029 |
| B••••• U• B•••• L•• (dba Baxter) Pharmaceuticals | term loan first lien | $4.9M | $1.6M 100c | SOFR+525 bp | Oct 1, 2029 |
| C••••••••• P••••••• A••••••••• I••. S••••••• | term loan first lien | $1.7M | $1.6M 99c | SOFR+600 bp | Dec 31, 2026 |
| I•••• C••••••••• A••••••••• L•• (dba I•••• Tridon) Machinery | term loan first lien | $4.3M | $1.6M 100c | SOFR+500 bp | Jun 30, 2032 |
| F• W••••••••• B•••••••• L•• (fka Whitewater Holding Company LLC) Diversified Consumer Services | term loan first lien | $1.6M | $1.6M 100c | SOFR+500 bp | Dec 21, 2029 |
| CI (Quercus) I••••••••• Holdings, LLC (dba SavATree) Diversified Consumer Services | term loan first lien | n/a | $1.6M 98c | SOFR+500 bp | Jun 6, 2031 |
| A•• G••••• D••••••••• F•••••• L•• Distributors | term loan first lien | $1.6M | $1.6M 101c | SOFR+275 bp | Jun 17, 2033 |
| B•••••••• P•••• L•• E••••••• Utilities | term loan first lien | $1.6M | $1.6M 100c | SOFR+375 bp | Jun 16, 2033 |
| I••• S•••••••• A••••••••• L•• (dba Integrated S•••••••• Coverages) Insurance | term loan first lien | $18.7M | $1.5M 91c | SOFR+450 bp | Nov 22, 2032 |
| E•• P•••••• L•• (dba Enterprise DB) S••••••• | term loan first lien | $1.5M | $1.5M 100c | SOFR+700 bp | Jul 7, 2028 |
| N••• I••••••••• I••. (dba National Carwash S••••••••) Trading Companies & Distributors | term loan first lien | $1.6M | $1.5M 96c | SOFR+750 bp PIK 2.25% | Dec 31, 2029 |
| E••••••••• I••. Professional Services | term loan first lien | $2.1M | $1.4M 98c | SOFR+725 bp | Jul 2, 2029 |
| F••••••••• T••••••••• H••••••• I••. A•••space & Defense | term loan first lien | $1.5M | $1.4M 98c | SOFR+500 bp | Jan 9, 2030 |
| W••••••• A••••••••• I••. (dba SPINS) IT Services | term loan first lien | $1.4M | $1.4M 100c | SOFR+475 bp | Jan 22, 2029 |
| N•••• S••• A••••••••• L•• (dba Everway) S••••••• | term loan first lien | $1.6M | $1.4M 99c | SOFR+475 bp | May 3, 2029 |
| E••••••••• L•• (dba ES Integrated) Commercial Services & Supplies | term loan first lien | $3.9M | $1.3M 100c | SOFR+500 bp | Sep 24, 2031 |
| J•••••• R••••• C••••• B•••• Inc. (dba 4R•••••) Oil, Gas & Consumable Fuels | term loan first lien | $7.7M | $1.3M 95c | //www.goldmansachsbdc.com/20260630#Canadian Overnight Repo Rate Average CORRA+525 bp | Jun 30, 2031 |
| V•••• B••••• I••. (dba VIP) S••••••• | term loan first lien | $8.6M | $1.3M 96c | SOFR+450 bp | Jan 30, 2032 |
| F••••••••• T••••••••• H••••••• I••. A•••space & Defense | term loan first lien | $5.7M | $1.3M 95c | SOFR+500 bp | Jan 9, 2028 |
| C•••••• P•••• G••••••••• LLC E••••••• Utilities | term loan first lien | $1.3M | $1.3M 100c | SOFR+250 bp | Apr 13, 2029 |
| i•••• I••••••••• S••••••• I••. S••••••• | term loan first lien | $6.8M | $1.3M 97c | SOFR+575 bp | Nov 22, 2028 |
| S••••••••• I••. Health Care Providers & Services | term loan first lien | $4.8M | $1.2M 99c | SOFR+475 bp | Dec 18, 2029 |
| G•• T•••• C••••••••• (fka Geotechnical Merger Sub, Inc.) Construction & Engineering | term loan first lien | $5.3M | $1.2M 99c | SOFR+450 bp | Oct 15, 2031 |
| D•••• Machinery | term loan first lien | $1.2M | $1.2M 100c | SOFR+475 bp | Jul 20, 2029 |
| P•••• U• H•••••• I••. (dba Precinmac) Machinery | term loan first lien | $22.2M | $1.2M 78c | SOFR+475 bp | Dec 2, 2031 |
| W••••••• A••••••••• I••. (dba SPINS) IT Services | term loan first lien | $1.2M | $1.2M 100c | SOFR+475 bp | Jan 22, 2029 |
| CI (Quercus) I••••••••• Holdings, LLC (dba SavATree) Diversified Consumer Services | term loan first lien | $11.7M | $1.1M 102c | SOFR+500 bp | Jun 6, 2031 |
| M••••••••• S••••••••• L•• (dba HungerRush) F••••••al Services | term loan first lien | $1.4M | $1.1M 85c | SOFR+750 bp PIK 4.50% | Jun 1, 2028 |
| E•••••• E••••••••• Holding, Inc. Media | term loan first lien | $1.1M | $1.1M 100c | SOFR+350 bp | Jun 17, 2033 |
| A•••• B•••• I••••••••• L••. (dba Dentalcorp) Health Care Providers & Services | term loan first lien | $11.6M | $1.1M 93c | //www.goldmansachsbdc.com/20260630#Canadian Overnight Repo Rate Average CORRA+500 bp | Jan 14, 2033 |
| M•• S••••••• L•• Real Estate Mgmt. & Development | term loan first lien | $2.0M | $1.1M 96c | SOFR+475 bp | Feb 10, 2028 |
| L••••••• I••. Insurance | term loan first lien | $1.0M | $1.0M 100c | SOFR+200 bp | May 9, 2033 |
| Z••• C•••••• L•• Health Care Equipment & Supplies | term loan first lien | $11.4M | $1.0M 60c | SOFR+540 bp | Feb 28, 2030 |
| Equity and Other United States Common Stock VisionSafe P•••• | equity equity | n/a | $1.0M 116c | ||
| i••••• I••. Professional Services | term loan first lien | $4.8M | $1.0M 77c | SOFR+575 bp | Aug 18, 2028 |
| Q•• P•••••• I••. (dba Quorum S•••••••) | term loan first lien | $17.7M | $971,000 93c | SOFR+475 bp | Jun 3, 2032 |
| P•• A••• B••••• I••. (dba Pursuit A•••space) | term loan first lien | $9.8M | $959,000 95c | SOFR+500 bp | Sep 30, 2031 |
| Chemcat A••••••••• LLC Chemicals | term loan first lien | $970,000 | $932,000 100c | SOFR+475 bp | Jun 30, 2033 |
| R•••••• C••••• R••••••••• L•• Hotels, R••••••••• & Leisure | term loan first lien | $920,000 | $916,000 99c | SOFR+200 bp | Nov 3, 2032 |
| S•••••••• H••••••• L•• Health Care Providers & Services | term loan first lien | $922,000 | $913,000 99c | SOFR+500 bp | Mar 1, 2028 |
| W••••• E••••••• M••••••••• C•••••• E•••••••al Equipment | term loan first lien | $914,000 | $912,000 100c | SOFR+275 bp | Jun 17, 2033 |
| A•••• A• F•••• P•• L•• (dba Aspen Pharmacare) Pharmaceuticals | term loan first lien | $1.2M | $850,000 97c | //www.goldmansachsbdc.com/20260630#Bank Bill Swap Bid Rate BBSY+475 bp | May 27, 2033 |
| F•••••• I••••••••• L••. Food Products | term loan first lien | $800,000 | $793,000 100c | SOFR+225 bp | Sep 30, 2031 |
| O•••• M•••••• B••••• L•• (dba O•••• F•••••• Holdings) Hotels, R••••••••• & Leisure | term loan first lien | $2.6M | $760,000 100c | SOFR+475 bp | Dec 31, 2031 |
| A•••• B••••, Inc. (dba Archer T•••••••••) S••••••• | term loan first lien | $752,000 | $745,000 100c | SOFR+500 bp | Jul 1, 2030 |
| B•••••• A••••••• L•• (dba Superior Environmental S••••••••) Commercial Services & Supplies | term loan first lien | $746,000 | $742,000 101c | SOFR+650 bp | Aug 1, 2029 |
| A•••• B••••, Inc. (dba Archer T•••••••••) S••••••• | term loan first lien | $728,000 | $721,000 100c | SOFR+500 bp | Jul 1, 2030 |
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